EURUSD May Edge Sideways; Retreat Hits a Wall Around 1.1700
EURUSD has been on a downward trajectory lately after the recent decline from the 1.1830 high and under the simple moving averages (SMAs), but the pair encountered support near the 1.1700 level and has subsequently rebounded a little. The diving...
ZAR/JPY 4H Chart: Two Scenarios Likely
The ZAR/JPY exchange rate continued to trade within the symmetrical triangle pattern. From a theoretical perspective, it is likely that the currency pair could continue to trade sideways within the predetermined pattern until the second half of November. Meanwhile, note...
Aussie Declines After Lowe
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Aussie Weakens Broadly as RBA Hints on Further Easing, Risk Sentiments Turn Soft
Australian Dollar drops broadly today after RBA hints at more monetary easing next month. It’s also weighed down by mixed job data, as well as weaker risk sentiments. It now appears that US politicians won’t agree to a new stimulus...
China’s pork prices rise at the slowest pace in more than a year
A breeder feeds piglets at a pig farm on May 13, 2020 in Bijie, Guizhou Province of China. Visual China Group | Getty Images BEIJING — China’s consumer price index rose slightly in September as food prices climbed, even with a...
USDJPY Vulnerable, Extends Weakness
USDJPY looks to move further lower after selling off on Wednesday. On the downside, support comes in at 105.00 level. Below this level will turn attention to the 104.50 level. Further down, support is seen at the 104.00 level. A...
Oil Remains Under Pressure, Gold Holding On
Oil holds firm around $40 Oil prices recovered slightly on Tuesday but are under a little pressure again today. Under the circumstances, it’s perhaps surprising they’re being as resilient as they are given that much of last week’s rally was...
EURGBP Declines Steeply in Short-Term; Holds in Descending Channel
EURGBP has lost significant ground over the last 4-hour session, finding resistance at the lower surface of the Ichimoku cloud. The price has been developing within a descending channel since September 15 and the RSI is confirming this negative bias as it is...
Sterling Powers Up after Initial Dip, Dollar Recovery Fades
Sterling had a roller coaster ride today, dropped notably on concerns over the deadlock in Brexit negotiations. Though, it then rebounded on talks that UK is still going to engage in talks after its self imposed mid-October deadline. Additional the...
Stocks making the biggest moves premarket: Bank of America, UnitedHealth, Goldman Sachs
Check out the companies making headlines before the bell: Bank of America (BAC) – The bank beat estimates by 2 cents with quarterly earnings of 51 cents per share, though revenue was slightly below Wall Street forecasts. The bank set...
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